Whole swaths of the Downtown Mall are deserted, and the ugly exoskeleton of the Landmark Hotel is an exclamation point on the emptiness. New retail and business construction has ground to a halt, except in the case of Wendell Wood and Wal-Mart's expansion.
But the important thing to remember, according to an article in today's DP, is that things could be lots worse. When compared to Richmond, a metropolitan area many times the size of Cville, we're doing just fine.
Nationwide Commercial RE: "Gloomy Times"
Albemarle County Basing Budget on Fanciful Future RE Tax Revenues
Area Commercial Real Estate Spring 2009
Local/National Unemployment Latest Figures